107 BROAD STREET
About This Property
Some homes whisper potential... this one shouts it.
Welcome to 107 Broad Street - nestled right in the center of historic Middletown, where charm meets community and everything you love is just a short stroll away. Morning coffee? Evening dinner? Parks, schools, local shops, or the town parade? You're steps from it all. This location isn't just good-it's exceptional.
The home itself? It's ready for a new chapter. Yes, it needs updating. No central HVAC. The kitchen and baths, while functional, are waiting for your personal touch. But that's exactly what makes this so exciting-it's a blank canvas with good bones and a ton of upside.
Inside, you'll find 3 bedrooms, a full bath upstairs, a half bath on the main level, and another full bath downstairs. A pellet stove on the main floor and a wood stove in the fireplace add character and warmth. There's also a detached garage-perfect for storage, a workshop, or your next creative project.
Sitting on nearly a third of an acre on one of Middletown's most beloved streets, this home offers space, history, and heart. Whether you're a seasoned renovator or a first-time buyer with big dreams, this is your chance to bring 107 Broad back to life-and make it uniquely yours.
Sold as-is. Priced to reflect the work needed. But opportunities like this in this location are few and far between.
Ready to roll up your sleeves? Middletown is waiting.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Aug 8, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by IMPACT Maryland Real Estate | $399,000 | |
| Listed by IMPACT Maryland Real Estate | |||
| Jun 4, 2025 | Price Change | $430,000 | |
| Price Change | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017